page_title: Income inequality in India
hierarchical_section_title: Income inequality in India
caption_attribution_description: English: Poor kids from a razed construction workers' slum look at their well-to-do neighbours. View from Sri Venkateswara Nilayam building in Kondapur, Hyderabad (Ranga Reddy district), India.
context_page_description: Income inequality in India refers to the unequal distribution of wealth and income among its citizens. According to the CIA World Factbook, the Gini index of India, which is a measure of income distribution inequality, was 35.2 in 2011, ranking 95ᵗʰ out of 157. Wealth distribution is also uneven, with one report estimating that 54 percent of the country's wealth is controlled by millionaires, the second highest after Russia as of November 2016. The richest 1% of Indians own 58.4% of wealth. The richest 10 % of Indians own 80.7 % of the wealth. This trend is going in the upward direction every year, which means the rich are getting richer at a much faster rate than the poor. Inequality worsened since the establishment of income tax in 1922, overtaking the British Raj's record of the share of the top 1% in national income, which was 20.7% in 1939–40.
context_section_description: Income inequality in India refers to the unequal distribution of wealth and income among its citizens. According to the CIA World Factbook, the Gini index of India, which is a measure of income distribution inequality, was 35.2 in 2011, ranking 95ᵗʰ out of 157. Wealth distribution is also uneven, with one report estimating that 54 percent of the country's wealth is controlled by millionaires, the second highest after Russia as of November 2016. The richest 1% of Indians own 58.4% of wealth. The richest 10 % of Indians own 80.7 % of the wealth. This trend is going in the upward direction every year, which means the rich are getting richer at a much faster rate than the poor. Inequality worsened since the establishment of income tax in 1922, overtaking the British Raj's record of the share of the top 1% in national income, which was 20.7% in 1939–40.
caption: Poor kids from a razed construction workers' slum look at their well-to-do neighbours in Kondapur.
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